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What is the SRRVisa?
The Special Resident Retiree’s Visa (SRRV) is a special non-immigrant visa for foreign nationals who would like to make the Philippines their second home or investment destination. The Philippine Retirement Authority offers different SRRV options depending on the background and needs of the retiree applicant.
Minimum age has been raised to 50 (based on PRA Advisory 01-05-21 dated 12 May 2021)
SRRV Smile
For active/healthy retirees, who opt to maintain their SRR Visa deposit of US$20,000.00 in any of the PRA Accredited Banks.
SRRV Classic
For active/healthy retirees, who opt to use their SRR Visa deposit into active investment such as the purchase of condominium unit or long term lease of house & lot. The SRR Visa deposit is: US$ 10,000-20,000.
SRRV Human Touch
For ailing retirees, who need/require medical/clinical care. A monthly pension of at least US$1,500.00, a health insurance policy accepted in the Philippines, and an SRR Visa deposit of US$10,000.00 are required.
SRRV Courtesy & Expanded Courtesy
Courtesy: For former Filipinos. For foreign nationals, who are retired officers of International Organizations recognized by the DFA, deposit US$1,500.00
Expanded Courtesy: For foreign nationals, retired Armed Force officers of the USA. Monthly pension of at least US$1,000.00, deposit of US$1,500.00.
FAQs
What are the documentary requirements for principal applicants?
Accomplished SRRV Application Form– information must be type-written and all information must be supplied
Medical Certificate– Maybe secured from the country of origin. However, said document must be translated to English, if necessary, and must be apostilled where the Certificate was issued. Applicant may opt to secure the Medical Certificate in the Philippines from any licensed physician/clinic/hospital. If the certificate has been secured in the Philippines, there is no need for any apostille. A Medical Certificate is only valid within 6 months from the date it was secured.
Police Clearance– Applicant needs to secure this clearance from the country of origin or from his/her residence abroad. Said document must be translated to English, if necessary, and must be apostilled where the Clearance was secured from. A Police Clearance is only valid within 6 months from date it was secured;
National Bureau of Investigation (NBI) Clearance– NBI Clearance (Philippine document) is needed when an applicant has stayed in the Philippines for more than 30 days from date of last entry prior to SRRV application. The NBI Clearance is only valid within one (1) year from date it was secured. The NBI Clearance is not a substitute to the apostilled Police Clearance.
Bank Certification for the visa deposit– The amount of the Visa deposit depends on the SRRV option that the applicant has chosen. In cases that an applicant will be joined by more than two (2) dependents, an additional visa deposit of US$15,000.00 for each additional dependent must be remitted under the name of the Principal applicant, except for former Filipinos under the SRRV Courtesy.
Original Passport with valid arrival/entry visa in the Philippines– An applicant whether Principal or dependent MUST BE in the Philippines during the processing of the SRRV application. An applicant must have a Temporary Visitor’s Visa valid for at least 20 working days in order for PRA and the Bureau of Immigration to accept the application for the SRRV. Where the validity of the Temporary Visitor’s Visa is less than 20 working days, the applicant must have it extended (with additional cost to the retiree which must be paid to the Bureau of Immigration). Other visas, except for the Balikbayan Visa which is issued to former Filipinos and their dependents, must be downgraded to a Temporary Visitor’s Visa.
Photos– 2×2 (12 pieces), white background, no glasses.
What are the documentary requirements for dependent spouse applicants?
All of the requirements for a principal applicant must be secured by the joining spouse except for the bank certification.
Additional requirement/s– Proof of Marriage (Marriage Contract, Marriage Certificate) which must be translated in English, if necessary, and MUST BE apostilled where the Certificate/Contract was secured from.
What are the documentary requirements for dependent children applicants?
All of the requirements for a principal applicant must be secured by the child applying for inclusion except for the bank certification, and/or NBI Clearance if the Dependent-child is below 18 years old.
Additional requirement/s – Proof of Relationship to the Principal (Birth Certificate, Family/household Register) which must be translated in English, if necessary, and MUST BE apostilled where the Certificate was secured from.
What are the additional requirements for principal applicants?
For principal applicants joining under the SRRV Classic-with Pension Scheme:
- Certificate of Retirement Benefits equivalent to US$ 800/month (for single applicant) and at least US$1,000/month (for couple) issued by the concerned government and/or private entity;
For principal applicants joining under the SRRV Human Touch:
- Medical Certificate showing pre-existing condition and in need of medical/clinical care and services, 2) Certificate of Retirement Benefits, equivalent to or more than US$1,500.00 issued by the concerned government and/or private entity, 3) Health insurance acceptable in the Philippines;
For former Filipino citizens joining under the SRRV Courtesy:
- Birth Certificate issued by the National Statistics Office (NSO) or Old Philippine Passport or Naturalization documents from host country;
For foreign nationals joining under the SRRV Courtesy:
- Certificate by the international organization/agency concerned that the applicant was a former officer/staff – stating position held and the duration/date of employment;
For foreign nationals eligible under the SRRV Expanded Courtesy:
- Certificate by the concerned organization/agency pertaining to his/her achievement
- Other documents as proof of said achievement; 3) Proof of monthly pension or any other similar benefits of at least US$1,000.00 to be remitted to the Philippines.
All documents obtained/secured from outside the Philippines must be translated to English if necessary, and must be apostilled where the documents were obtained from.
All original documents must be submitted along with 2 sets of photocopied documents.
How long does the application process take?
Processing of application in Manila takes a minimum of 20 working days (about 1 month, as holidays and weekends are not counted) from submission of application. Application takes about 30-45 working days if in Cebu because documents are forwarded to Manila.
How much are the fees?
Application fee – starts at US$1,400 and could vary depending on the number of dependents included
Annual fee – US$360 or US$10 depending on which SRRV type is being applied for
All paid to the government.
Note: Policies, Guidelines, Requirements, Fees and Procedures may change without prior notice, hence proper communication with us must be observed for updated information. Moreover, only BASIC information are provided above, for further details, please contact us using the contact form below.
Benefits of SRRV
Stay
Indefinite stay with multiple-entry/exit privileges
Exemptions
Exemption from: a) Philippine Bureau of Immigration ACR-I Card, b) Customs duties & taxes, c) Travel Tax, d) Student Visa/Study Permit
Discounts
Discount privileges from PRA accredited Merchant Partners
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